Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2648 E Jj Ranch Road Phoenix, AZ 85024

3 Beds 3 Baths 2,773 sqft Built 2007

$575,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $207.36
  • 5 Days on Market
  • MLS # : 6154297
  • Updated Date : 11/02/2020 at 11:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,773 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Northwest

Listing Agent's Description

AMAZING FAMILY NEIGHBORHOOD! Close to Desert Ridge with private park only 1.5 blocks away. Beautiful subdivision connected with bike paths, lead to this 3 bedroom with a den and loft masterpiece. Enter on Acacia hardwood floors leading to a gourmet kitchen with granite counters, cherry cabinets , and tons of natural light coming from generous windows all overlooking a resort style back yard with sparking pool, stainless grill, and wood fire pit. Soothe your inner gardener while harvesting the bounty of your lemon, orange, and grapefruit trees. Show today, it won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342452

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Boulder Creek Elementary School Primary Regular 711 37 9
Boulder Creek Elementary School Middle Regular 711 37 9
Pinnacle High School High Regular 2,443 96 8

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Boulder Creek Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,122
Property Tax -$362
Property Insurance -$81
HOA -$18
Property Management Fees -$99
CASH FLOW
-$232

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$575,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,303

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,662

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,5004$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 2648 E Jj Ranch Road Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24411 N 27th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
  • 2850 E Shady Spring Trail Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
  • 24230 N 25th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2008
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 2410 E Park View Lane Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2008
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.00
    •  
PROPERTY LISTING DETAILS
Rodica Bartels
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154297
Last Updated: 11/02/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy